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Sunoco has received "viable offers" for the Kendall brand, customer lists and a lubricants-blending plant in Tulsa, Okla., spokesperson Jerry Davis said. The company expects to take an unspecified third-quarter charge to write down the assets' value.
The refinery in Yabucoa, Puerto Rico, can produce daily 28,800 barrels of oil used to make lubricants. Sunoco owns five other U.S. refineries that can process about 730,000 barrels of crude oil a day into gasoline and other fuels